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Investment in these technologies over the past five years has been “amazing”, he said, with much coming from non-manufacturers.
Dealerships can now conduct a real-time audit of their customer database thanks to a new data cleanse report developed by Marketing Delivery.
Autotech Group founder Gavin White is to partner with commercial finance broker independent commercial finance broker Activate Business Finance
Car retailers from around the country are facing a series of rapid clean-up operations following the flood damage caused by Storm Babet.
Tackling the cost base has once again been brought into sharp focus for automotive retailers as the UK economy stagnates.
As 1 in 2 car dealers predict their 2022 profits will be down vs 2021 AM's survey finds 1 in 4 have made wage increases above 5% to help staff with living costs
As omnichannel sales, agency fees and low-maintenance electric cars become a norm, it will become imperative for car dealerships to identify new revenue streams.
Coronavirus has driven an uplift in motor finance digital applications this year, but 2021 looks set to bring further effects for dealerships regulated by the Financial Conduct Authority (FCA). Here AM examines three key impacts.
Fully salaried wages may help mitigate motor retail employees’ ‘financial shock’ worries
Dealer groups are increasingly shedding debt and reviewing working capital practices to brace against falling sales and an unpredictable political landscape
Changes to the law on including overtime and commissions in holiday pay will be felt even more sharply on the bottom line as trading conditions toughen
Carmaker says network cull will protect profitability – new contracts will include changes to remuneration policies and standards to reflect online sales trends
Whether through add-ons, dealer-fit extras, or more accurate part-exchange valuations, car dealers need a diverse approach to maximise margins
Doing the simple things right makes a big difference to car dealer profitability and remember: every little helps
The motor retail industry is moving rapidly and it is the car dealers who can keep pace who will win in the long term
When should ‘cost’ be considered ‘investment’? It’s a juggling act for car dealers
Car dealers endure more cash flow volatility than most businesses, but good forecasting, careful stock management and good communication can calm the waters
